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You have less than 60 posts and have started one right wing thread after the other.....IF you are going to CONTINUE to do such,you better up your game because you are pretty transparent.
lmao the poster actually forgot or didnt know u can look at what he posted in the past.. this dude/chic dont have anything else better to do than to fake like he voted for obama
So this whole thread started out about the Gates scenario, but suddenly it has turned it into another "stimulus" thread. Why don't you address the topic of the thread instead of going completely off topic?
lmao the poster actually forgot or didnt know u can look at what he posted in the past.. this dude/chic dont have anything else better to do than to fake like he voted for obama
lane poster
Again, no one faked anything, follow the logic please! The OP is QUOTING from the video.
Just when you think liberals can't get any more dumb!
Well, the stock market's rallied to over 9,100. There's skyrocketing housing starts. Consumer spending is up and a lot of major companies are posting profits again.
Privately-owned housing starts in June were at a seasonally adjusted annual rate of 582,000. This is 3.6 percent (±11.3%)* above the revised May estimate of 562,000, but is 46.0 percent (±4.3%) below the June 2008 rate of 1,078,000.
Not sure I'd call a 3.6% month-over-month increase, during the building season (which only starts in late June/early July in the Pacific Northwest, at least), "skyrocketing".
The P/E ratio for the S&P 500 index is skyrocketing, that's for sure! (Price/Earnings - the price of the stock per share divided by the anticipated earnings per share.)
Historically, the S&P's P/E ratio has been below 20 (that means you invest $20, and expect to earn $1 per year, or 5% rate of return, or repaying your investment in 20 years, however you want to look at it) except for a brief runup in 1999-2000, when it got into the 30s. In December of 2008 it shot up over 60. (See first link below.)
Yes, as of December 2008, investing $60 in the S&P 500 index would pay $1 per year, or pay you back your investment in 60 years. Surely, it couldn't get worse.
No doubt it will come down when the remaining 47% report (see commentary below, expected to decline 43.5%), but it's still expected to remain higher than 116. And higher than 350. And that's more than 12 times the historical average of the last 130 years.
But yes, everything's fine, and we should run out and buy stocks because they're not overpriced at all.
Also from the second spreadsheet:
Quote:
Q2 2009 197 issues (52.75% mkt val) rptd: Oper EPS expected to decline 16.5%; As Rpt expected to decline 43.5% Actual operating reported (same companies) are 7.2% ahead of estimates but 29.6% lower than Q2,08; As Rptd off 4.52% 60.9% beat their estimates, with 35.5% beating last years EPS, and 23.9% beating both Sales off 9.7%, with 24.7% ahead of last year, and 75.3% reporting lower sales As Rpt EPS for 12 Mo Sep,'09 estimated to be negative ($-1.01 EPS) - first time in index history
Commentary: No cash flow yet, but 2008 off 39.7%; Q1,'09 was off 44.5% fr Q1,'09; estimate Q2,'09 to be off high 30%-to-40% ->less worse
2010 P/E bottom-up is 13.2 vs. top-down 21.2; the two will meet->based on history (stressful periods) it will be closer to the top-down
After declines, recent estimates have turned slightly up. But getting less worse is different than getting better, and significantly different than being good. Stats can be misleading - Fin'ls are up 273% from Q2'08 (which was negative), but are still down 83.0% from Q2,'07. The lack of charges (write-offs, impairments, layoffs, write downs,…) has helped and is a positive sign, but sales remain key - you can just cut so much and for so long; consumer spending (read as the impact of the stimulus bill) is key, with confidence right behind it.
Last I saw, the stock market will hit historical P/E ratios at a DJIA of about 3,400. It's currently over 9,000. It's a bubble. Again, or still, however you want to see it.
Don't touch the indexes. If you want to do stocks, find particular companies, research them, if they're a good value with a recession-resistant product, go for it.
Quote:
All the early indicators are trending positive, though I did read a well-regarded economic forecaster who wrote back in 2008 that we were entering a prolonged economic depression that would see some positive upswings in '09 and then plummet and not fully recover until about 2020.
Kinda like the Great Depression, you mean? Check the charts. The bottom didn't hit until 1933, with upswings in the midterm.
Quote:
Originally Posted by BigHouse9
I guess you didn't watch the video then because there is a quote in it that says "I supported him. I voted for him. I will not again."
So instead of accusing the OP for making a false statement, I would suggest you apologize and watch the video.
Quote:
Originally Posted by city414
lmao the poster actually forgot or didnt know u can look at what he posted in the past.. this dude/chic dont have anything else better to do than to fake like he voted for obama
lane poster
Wow. BigHouse9 has said TWICE now that the OP was quoting the video. Edit: Thrice!
Not sure I'd call a 3.6% month-over-month increase, during the building season (which only starts in late June/early July in the Pacific Northwest, at least), "skyrocketing".
The most recent numbers show a substantial increase in housing starts. It surprised a lot of people. No one said we're out of the woods, but given our primitive economy that measures more buildings as inherently good, it's something.
We are only 1/8th through his first term. That is not enough time to judge the job he has done. 6 months really isnt enough time to make an impact.
A good chunk of the stimulus money hasnt even been touched yet. But, I know firsthand that several hundred jobs in my area alone has been created due to it.
Give the man some time before you start making decisions on who you are going to vote for 3 1/2 years from now.
I can't count how many times I've heard "I will never vote for him again" among my inner circle.
Obama's only hope is to cater to moderates. No self-respecting liberal will bother with him.
How do you suppose that a marxist will appeal to moderates? Obama's election was more a reflection of people's dislike of Bush, and not an endorsement of Obama's views. I think the dems could have run a family pet against McCain and won.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,819,070 times
Reputation: 3587
Quote:
Originally Posted by neil0311
He's got both ends of the spectrum pissed at him. He's a one term wonder.
Liberals aren't happy with him because he's not spending enough or getting as hard core as they want on taxing the rich to death, taking over healthcare, pulling out of Iraq, or cracking down on environmental taxes. Conservatives aren't happy with him because he's a left wing tax and spend liberal who leans towards huge government, and his foreign policy harkens back to the Jimmy Carter era.
He better hope he can capture a huge amount of centrists and get his left leaning base to hold their noses. If he gets a serious primary challenge from the far left, he's done.
It's a bit early to write him off and maybe will find his compass which should point pretty much LEFT because it was US who elected him. Otherwise we would be looking at President Clinton II. The first rule of politics is not to **** your base off too much which he is doing a good job of right now. And there are not enough centerist in this country to elect a dog catcher. Maybe- at best- 20% of the people are center. The other 80% either are liberal or conservative.
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